Norfolk Southern (NSC) Total Debt (2009 - 2026)
Norfolk Southern (NSC) reported Total Debt of $16.62 billion for Q2 2026, down 4.3% from $17.37 billion a year earlier and down 2.8% from the prior quarter.
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Analysis
Norfolk Southern (NSC) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Norfolk Southern posted Total Debt of $17.09 billion, down 0.7% from FY2024.
- Total Debt has a five-year compound annual growth rate of 6.1% (FY2020 to FY2025).
- By year, Total Debt came in at $17.21 billion in FY2024 (+0.2%), $17.18 billion in FY2023 (+13.2%), $15.18 billion in FY2022 (+9.7%) and $13.84 billion in FY2021 (+9.1%).
- The Q2 2026 figure ranks as the lowest quarterly Total Debt since Q3 2023.
- Year over year, Total Debt has now declined in each of the last six quarters, with an average decline of 0.7% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q1 2022 (growth of 17.7%); the low point was Q2 2026 (a decline of 4.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $17.1 billion (Q1 2026), $17.09 billion (Q4 2025) and $17.08 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 161.62 Bn | 156.15 Bn | - | 30.33 Bn |
| 2 | Csx | 86.16 Bn | 82.37 Bn | - | 18.86 Bn |
| 3 | Canadian Pacific Kansas City | 74.78 Bn | 74.50 Bn | - | 18.18 Bn |
| 4 | United Parcel Service | 70.01 Bn | 46.94 Bn | - | 24.48 Bn |
| 5 | Norfolk Southern | 69.45 Bn | 64.09 Bn | - | 16.62 Bn |
| 6 | Fedex | 67.46 Bn | 33.40 Bn | - | 25.71 Bn |
| 7 | Delta Air Lines | 54.88 Bn | 37.06 Bn | - | 15.05 Bn |
| 8 | Old Dominion Freight Line | 36.07 Bn | 35.33 Bn | - | 20.00 Mn |
| 9 | Ryanair Holdings | 28.71 Bn | 12.72 Bn | 3.13 Bn | 67.07 Mn |
| 10 | Copart | 25.27 Bn | 9.69 Bn | 645.66 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.62 Bn |
| Mar 31, 2026 | 17.10 Bn |
| Dec 31, 2025 | 17.09 Bn |
| Sep 30, 2025 | 17.08 Bn |
| Jun 30, 2025 | 17.37 Bn |
| Mar 31, 2025 | 17.22 Bn |
| Dec 31, 2024 | 17.21 Bn |
| Sep 30, 2024 | 17.20 Bn |
| Jun 30, 2024 | 17.59 Bn |
| Mar 31, 2024 | 17.58 Bn |
| Dec 31, 2023 | 17.18 Bn |
| Sep 30, 2023 | 16.58 Bn |
| Jun 30, 2023 | 15.13 Bn |
| Mar 31, 2023 | 14.99 Bn |
| Dec 31, 2022 | 15.18 Bn |
| Sep 30, 2022 | 15.07 Bn |
| Jun 30, 2022 | 15.05 Bn |
| Mar 31, 2022 | 14.84 Bn |
| Dec 31, 2021 | 13.84 Bn |
| Sep 30, 2021 | 13.83 Bn |
API Access
Norfolk Southern Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=NSC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "NSC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=NSC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();